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Privacy: Your contact details are being collected by Cricks Subaru to enable us to record the details of the vehicle you are interested in and to consider the purchase of your trade-in vehicle. We may disclose your personal information to third parties to check whether and how, your vehicle is encumbered. From time to time, Cricks Subaru would like to contact you and to let you know about our products and services, including special offers. If you do not want us to do so, please let us know by contacting us. You can let us know at any time if you no longer wish to be contacted for these purposes. Your consent will remain current until you advise us otherwise. If you do not provide us with your personal information, we may not be able to consider any offer made by you. If you would like to access the information we hold about you or more information on our privacy policy, please contact us at https://crickssubaru.com.au/.

At Cricks Maroochydore, our aim is to provide you with a unique ownership experience. View or test drive any of the vehicles we have, and you'll understand that we are not an apples with apples comparison with the dealership down the road. Drive away from Cricks Maroochydore and we guarantee you'll drive away happy.

Tax Write Off

Tax Write Off

Businesses buy now before 30 June and you can get up to $150,000 instant asset write off!*

Never before has the government allowed an instant write off for this amount, for multiple assets and business with turnovers up to $500m.

The instant asset write-off allows your business to receive an immediate tax deduction for your asset in your next tax return rather than receiving a deduction over a number of years, resulting in cash sooner for your business. New and used motor vehicles are included in the instant asset write-off.

Want to maximise your cash even more? You can still finance your vehicle allowing you to further boost your cash in challenging times. Additionally, take advantage of some of the lowest rates we will probably ever see again in our lifetimes!

Thinking of replacing your business vehicle or perhaps expanding your fleet? There is no limit to the number of individual assets under $150,000.

There has never been a better time to purchase a vehicle for your business, be quick, the $150,000 instant asset write-off will end 30 June 2020.

Example 1: Purchase of a motor vehicle for business purposes – the effect of the car limit for depreciation

Edward and Edna own and run a small irrigation supplies business. On 27 March 2020 the business purchases a luxury car that is designed to carry passengers, for $80,000. The instant asset write-off threshold at the time they first use the car in the business is $150,000. The cost of the car for depreciation is limited to the car limit at that time. As the cost of the car is above the $57,581 car cost limit for depreciation, the business can only claim an instant asset write-off of $57,581 for the year ending 30 June 2020. The business can't claim the excess cost of the car under any other depreciation rules. They also decide to update their work ute and the business purchases a ute for $65,000 on 27 April 2020. The ute isn't designed to carry passengers (and has been set up with all the trade tools in the tray) so the car cost limit for depreciation doesn't apply. The business can claim a full deduction of $65,000 as an instant asset write-off.

Example 2: Purchasing multiple assets PlumbCo is a company that operates a plumbing business that has an aggregated turnover less than $10 million.

On 10 April 2019, PlumbCo purchases a new van for $22,000 and starts to use it for the business. The following month PlumbCo purchases a trailer for $14,000 and starts to use it to support the business. PlumbCo has spent a total of $36,000. As the $30,000 instant asset write-off threshold applies to each asset, PlumbCo is able to claim a deduction for both the van and the trailer in its 2019 tax return.

*We are unable to provide advice to you on the ability to claim this deduction for you and your business. Please consult with your accountant or tax agent. The vehicle must be delivered by 30 June 2020 to claim in the 2020 financial year. Certain car cost limits also apply. Further information and examples can be found on the ATO’s website: https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/Simpler-depreciation-for-small-business/Instant-asset-write-off/

Maroochydore

88 Sugar Road, Maroochydore QLD 4558

07 5348 9561

  • Mon - Fri: 8:00 AM - 5:30 PM
  • Sat: 8:30 AM - 4:00 PM
  • Sun: Closed
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Noosa

Lot 4, Lionel Donovan Drive, Noosaville QLD 4566

07 5438 3620

  • Mon - Fri: 8:00 AM - 5:30 PM
  • Sat: 8:30 AM - 4:00 PM
  • Sun: Closed
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